Global Crossing Ltd. provides integrated telecommunications
solutions over an integrated global Internet Protocol (IP)-based
fiber-optic network, which will have more than 100,000 route miles,
reaching four continents, 27 countries and more than 200 major cities.
The Company provides services in two principal segments: telecommunications,
and installation and maintenance. The telecommunications services
segment offers a variety of integrated telecommunications services
through its global fiber optic network, as well as systems acquired
from its mergers and acquisitions. The installation and maintenance
services segment, consisting of the Company's Global Marine business,
installs and maintains undersea fiber optic cable systems for carrier
customers worldwide. The Company provides a full range of managed
data and voice services.

The Company provides a variety of integrated telecommunications
and IP-based services designed to meet the communications needs
of large, global enterprises, as well as telecommunication carriers,
with bandwidth-intensive applications and international requirements.
The Company provides domestic and international data and voice services,
Internet-based services, structured bandwidth services. Other communications
services include Broadband Services, Virtual Private Network, Voice
Services, Data Services, Conferencing Services, Internet Access,
Metro-Services and Web Hosting Services.

Broadband Services are comprised of point-to-point
digital connections, including private line and wavelength services,
as well as indefeasible rights of use (IRUs). Payment for purchases
of capacity or dark fiber, optical fiber that has not been equipped
with the electronic components necessary for telecommunications
transmission, is typically made in advance of activation, although
in some cases a customer's payments are made in installments over
two to four years. For short-term broadband services, customers
are typically billed on a monthly basis.

Virtual Private Network (VPN) consists of customizable
voice and/or data network solutions, which customers utilize to
create a private network within the Global Crossing Network, without
the need to purchase dedicated private facilities to and from each
of their locations. Customers have the flexibility to change capacity
requirements between points and otherwise to reconfigure their VPNs
over time.

Voice Services include switched and dedicated
outbound voice services for local, domestic and international traffic
for the commercial and wholesale markets. These services also include
additional features, such as toll free and call center services.

The Company's Data Services include Asynchronous
Transfer Mode (ATM) and Frame Relay services. Conferencing Services
include audio, video and Web-based conferencing services. The Company's
Internet Access includes direct connections to the Internet. Metro
Services consist of intra-city SONET or SDH rings carrying on-net
access circuits. The Company's Web Hosting Services consist of a
variety of data content distribution services, complex Web content
and application-hosting services, and consulting and professional
services, all of which the Company can offer through its co-marketing
arrangement with Exodus Communications, Inc.